CQ Politics wrote:
The Supreme Court ruled Thursday that corporations, nonprofits and labor unions can use their own treasuries to fund political advertisements and influence federal elections during the crucial days before citizens vote.
The 5-to-4 decision reverses previous interpretations of election law by federal agencies and will have a huge impact on the 2010 elections because it will allow companies to spend millions to help elect and defeat candidates for Congress. The court did rule that such new spending would have to be disclosed.
The decision overturns the previously defined distinctions between corporate and individual expenditures in American elections.
[...]
Corporations and unions will still be banned from donating directly to federal candidates, which was outlawed in 1907.
But the decision will allow such moneyed interests from doing the next best thing — spending unlimited capital to expressly advocate the election of candidates for Congress and the White House.
The 5-to-4 decision reverses previous interpretations of election law by federal agencies and will have a huge impact on the 2010 elections because it will allow companies to spend millions to help elect and defeat candidates for Congress. The court did rule that such new spending would have to be disclosed.
The decision overturns the previously defined distinctions between corporate and individual expenditures in American elections.
[...]
Corporations and unions will still be banned from donating directly to federal candidates, which was outlawed in 1907.
But the decision will allow such moneyed interests from doing the next best thing — spending unlimited capital to expressly advocate the election of candidates for Congress and the White House.
The split was (near as I can tell), the "conservative" faction plus Kennedy affirming and the "liberal" faction dissenting. The actual ruling is a bunch of "So-and-So affirms in part and dissents in part..." but that seems like it was the ultimate split.